Aurora Completes Final Repayment Of Convertible Senior Notes; Cannabis Operations Are Now Debt Free
Portfolio Pulse from Benzinga Newsdesk
Aurora Cannabis Inc. (ACB) has repaid approximately $7.2 million, the final payment on its convertible senior notes, making its cannabis operations debt free except for $47.9 million owed to Bevo Farms Ltd. This repayment concludes nearly $465 million in convertible debt clearance, aiming for positive free cash flow within the year.
February 29, 2024 | 10:07 pm
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Aurora Cannabis Inc. has successfully repaid its convertible senior notes, significantly reducing its debt and aiming for positive free cash flow.
The repayment of convertible senior notes by Aurora Cannabis Inc. is a significant financial milestone that directly impacts its balance sheet and future cash flow projections. This move is likely to be viewed positively by investors, as it demonstrates financial discipline and a clear path towards sustainability and growth. The reduction in debt and the focus on achieving positive free cash flow are critical factors that can influence investor confidence and potentially lead to an increase in stock price in the short term.
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